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Stock rally carries on
Star Business Report
Star Business Report
The stock market continued to rise for a sixth day yesterday, sans the two-day weekend, while turnover almost doubled thanks to an increase in the participation of investors despite a deterioration of the coronavirus pandemic.
The DSEX, the benchmark index of Dhaka Stock Exchange (DSE), surged by 71 points, or 1.34 per cent, to stand at 5,421.78 yesterday.
Turnover, another important indicator of the market, rose 87 per cent to Tk 1,299 crore.
The scope to make easy money is the most important and biggest reason for the Bangladesh market rally, which is also common in stock markets around the world, said Md Moniruzzaman, managing director of IDLC Investments.
News Desk,
bdnews24.com
Published: 11 Feb 2021 08:14 AM BdST
Updated: 11 Feb 2021 08:14 AM BdST
The Securities and Exchange Commission or SEC has organised an investor summit on the potentials of Bangladesh s capital market in Dubai. );
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It held a road-show titled ‘The Rise of Bengal Tiger: Potentials of Bangladesh Capital Markets’ on Tuesday with the aim to reach out to non-resident Bangladeshi investors and attract foreign investment in Bangladesh.
The summit, sponsored by UCB Stock Brokerage Limited, a wholly owned subsidiary of United Commercial Bank Limited, will continue at the Creek ballroom of Park Hyatt, Dubai until Friday.
Shibli Rubayat-Ul-Islam, chairman of SEC, chaired the road-show. He highlighted the important role of the capital market in raising long term funds through bond and Sharia-complaint bond or Sukuk to solve the maturity mismatch problem long prevailing in Bangladesh’s banking sector.